[Federal Register Volume 60, Number 25 (Tuesday, February 7, 1995)]
[Notices]
[Pages 7201-7202]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-2941]



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FEDERAL RESERVE SYSTEM


Berkshire Financial Services, Inc., et al.; Notice of 
Applications to Engage de novo in Permissible Nonbanking Activities

    The companies listed in this notice have filed an application under 
Sec. 225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1)) for 
the Board's approval under section 4(c)(8) of the Bank Holding Company 
Act (12 U.S.C. 1843(c)(8)) and Sec. 225.21(a) of Regulation Y (12 CFR 
225.21(a)) to commence or to engage de novo, either directly or through 
a subsidiary, in a nonbanking activity that is listed in Sec. 225.25 of 
Regulation Y as closely related to banking and permissible for bank 
holding companies. Unless otherwise noted, such activities will be 
conducted throughout the United States.
    Each application is available for immediate inspection at the 
Federal Reserve Bank indicated. Once the application has been accepted 
for processing, it will also be available for inspection at the offices 
of the Board of Governors. Interested persons may express their views 
in writing on the question whether consummation of the proposal can 
``reasonably be expected to produce benefits to the public, such as 
greater convenience, increased competition, or gains in efficiency, 
that outweigh possible adverse effects, such as undue concentration of 
resources, decreased or unfair competition, conflicts of interests, or 
unsound banking practices.'' Any request for a hearing on this question 
must be accompanied by a statement of the reasons a written 
presentation would not suffice in lieu of a hearing, identifying 
specifically any questions of fact that are in dispute, summarizing the 
evidence that would be presented at a hearing, and indicating how the 
party commenting would be aggrieved by approval of the proposal.
    Unless otherwise noted, comments regarding the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than February 21, 1995.
    A. Federal Reserve Bank of Boston (Robert M. Brady, Vice President) 
600 Atlantic Avenue, Boston, Massachusetts 02106:
    1. Berkshire Financial Services, Inc., Lee, Massachusetts; to 
engage de novo through its subsidiary Berkshire Financial Centers, 
Inc., Lee, Massachusetts, in providing securities brokerage activities, 
related securities credit activities, and incidental activities solely 
for the account of customers (and not securities underwriting or 
dealing), pursuant to Sec. 225.25(b)(15) of the Board's Regulation Y; 
and also providing mortgage origination services pursuant to 
Sec. 225.25(b)(1) of the Board's Regulation Y. These activities will be 
conducted in Massachusetts, Connecticut, New York and Vermont.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Carlinville National Bank Shares, Inc., Carlinville, Illinois; 
to make an equity investment of 41 percent of the common stock of 
Macoupin County Community Development Corporation, Carlinville, 
Illinois, and thereby engage [[Page 7202]] de novo in providing small 
business access to financial capital that otherwise is unavailable in 
the private section and assisting housing development for low and 
moderate income residents, meeting the requirements for community 
development activities, pursuant to Sec. 225.25(b)(6) of the Board's 
Regulation Y.

    Board of Governors of the Federal Reserve System, February 1, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-2941 Filed 2-6-95; 8:45 am]
BILLING CODE 6210-01-F